ERNX.DE vs. SXR8.DE
Compare and contrast key facts about iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE).
ERNX.DE and SXR8.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERNX.DE is a passively managed fund by iShares that tracks the performance of the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. It was launched on Oct 28, 2024. SXR8.DE is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both ERNX.DE and SXR8.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ERNX.DE vs. SXR8.DE - Performance Comparison
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ERNX.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.30% | 2.69% | 4.04% | 3.34% | 0.10% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | -3.01% | 4.73% | 32.32% | 22.47% | -9.78% |
Returns By Period
In the year-to-date period, ERNX.DE achieves a 0.30% return, which is significantly higher than SXR8.DE's -3.01% return.
ERNX.DE
- 1D
- -0.07%
- 1M
- -0.06%
- YTD
- 0.30%
- 6M
- 0.88%
- 1Y
- 2.20%
- 3Y*
- 3.29%
- 5Y*
- —
- 10Y*
- —
SXR8.DE
- 1D
- 1.70%
- 1M
- -3.07%
- YTD
- -3.01%
- 6M
- 0.06%
- 1Y
- 10.20%
- 3Y*
- 16.07%
- 5Y*
- 12.10%
- 10Y*
- 13.67%
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ERNX.DE vs. SXR8.DE - Expense Ratio Comparison
ERNX.DE has a 0.09% expense ratio, which is lower than SXR8.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
ERNX.DE vs. SXR8.DE — Risk / Return Rank
ERNX.DE
SXR8.DE
ERNX.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ERNX.DE | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.90 | 0.59 | +2.31 |
Sortino ratioReturn per unit of downside risk | 4.71 | 0.90 | +3.81 |
Omega ratioGain probability vs. loss probability | 1.64 | 1.13 | +0.50 |
Calmar ratioReturn relative to maximum drawdown | 10.83 | 1.22 | +9.61 |
Martin ratioReturn relative to average drawdown | 49.84 | 4.41 | +45.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERNX.DE | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | 0.59 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 0.74 | +3.16 |
Correlation
The correlation between ERNX.DE and SXR8.DE is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ERNX.DE vs. SXR8.DE - Dividend Comparison
Neither ERNX.DE nor SXR8.DE has paid dividends to shareholders.
Drawdowns
ERNX.DE vs. SXR8.DE - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.83%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and SXR8.DE.
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Drawdown Indicators
| ERNX.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -33.78% | +32.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -13.42% | +13.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -0.20% | -5.21% | +5.01% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -5.22% | +5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 2.32% | -2.28% |
Volatility
ERNX.DE vs. SXR8.DE - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.31%, while iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a volatility of 3.77%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNX.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 3.77% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 8.64% | -8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 17.20% | -16.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 15.19% | -14.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 16.14% | -15.46% |